Advisers add confidence to consumers

A recent research study conducted by Columinate, on behalf of Liberty, shows that seventy percent of consumers who use a financial adviser are more confident about their financial situation and believe it will improve significantly over the next five years.

The research found that 22% of respondents who do not have a financial adviser believe they are too expensive, while 19% believe an adviser would not add value to their lives.

Another finding is that 70% of consumers who have an adviser claim to be better off. Only one-quarter of those without an adviser said they have seen marginal improvements in their financial growth.